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2009-03-16 — usnews.com
Talk about lousy timing. Treasury Secretary Timothy Geithner apparently bought his New York home in 2004 and is trying to sell it now--right into the teeth of the real estate crash. According to this AP article, the Treasury Secretary could face a loss even if the property sells at its asking price. But in a market like this, getting an asking price is a tall order.
I know! Tim Geithner could swap houses with David Lereah!
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